Bailee for Perfection. (a) The U.S. First-Lien Collateral Agent agrees to acquire and acknowledges it holds the Pledged Collateral or other Collateral in its possession or control (or in the possession or control of its agents or bailees) on behalf of itself and the Second-Lien Collateral Agent and any assignee solely for the purpose of perfecting the security interest granted under the First-Lien Loan Documents and the Second-Lien Loan Documents, subject to the terms and conditions of this Section 5.5.
Appears in 3 contracts
Samples: The Credit Agreement (RSC Holdings Inc.), Term Loan Credit Agreement (RSC Holdings Inc.), Intercreditor Agreement (RSC Holdings Inc.)
Bailee for Perfection. (a) The U.S. First-Lien Collateral Agent agrees to acquire and acknowledges it holds the Pledged Collateral or other Collateral (including any deposit accounts or securities accounts of the Grantors) in its possession or control (or in the possession or control of its agents or bailees) on behalf of itself and the Second-Lien Collateral Agent and any assignee solely for the purpose of perfecting the security interest granted under the First-Lien Loan Documents and the Second-Lien Loan Note Documents, subject to the terms and conditions of this Section 5.5.
Appears in 2 contracts
Samples: Credit Agreement (Paperweight Development Corp), Intercreditor Agreement (Appvion, Inc.)
Bailee for Perfection. (a) The U.S. First-Lien Collateral Agent agrees to acquire and acknowledges it holds the Pledged Collateral or other Collateral in its possession or control (or in the possession or control of its agents or bailees) on behalf of itself and the Second-Lien Collateral Agent and any assignee solely for the purpose of perfecting the security interest granted under the First-Lien Loan Credit Documents and the Second-Lien Loan Credit Documents, subject to the terms and conditions of this Section 5.5.
Appears in 2 contracts
Samples: Credit Agreement (Nuveen Investments Inc), Intercreditor Agreement (Nuveen Investments Holdings, Inc.)
Bailee for Perfection. (a) The U.S. First-Lien Collateral Agent agrees to acquire and acknowledges it holds the Pledged Collateral or other Collateral in its possession or control (or in the possession or control of its agents or bailees) on behalf of of, and for the benefit of, itself and the Second-Lien Collateral Agent and any assignee Trustee solely for the purpose of perfecting the security interest granted under the First-Lien Loan Credit Documents and the Second-Lien Loan Note Documents, subject to the terms and conditions of this Section 5.5.
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Bailee for Perfection. (a) The U.S. First-Lien Collateral Agent agrees to acquire and acknowledges it holds the Pledged Collateral or other Collateral in its possession or control (or in the possession or control of its agents or bailees) on behalf of itself and the Second-Lien Collateral Agent and any assignee solely for the purpose of perfecting the security interest granted under the First-Lien Loan Security Documents and the Second-Lien Loan Security Documents, subject to the terms and conditions of this Section 5.5.
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